Power & Utilities
CIBC World Markets' Power and Utilities group is responsible for coverage of the electric and pipeline utilities, energy services and alternative energy sectors. We maintain extensive industry contacts, and have relationships with virtually all of the Canadian public and investor-owned utilities. Assignments have included debt and equity financings, strategic M&A advisory, as well as government advisory and privatization engagements.
Expertise
As a leader in the North American energy industry, our Power and Utilities group distinguishes itself through superior industry knowledge and expertise, breadth of product capability, strength of execution and leading M&A services.
Our strengths include:
- Strategic M&A advisory for all segments of the electric and pipeline utilities industry: transmission, distribution, retail and generation, as well as pipeline and midstream assets
- Advisory and financing expertise with all major types of generation: nuclear, coal, natural gas, wind and other alternative energy sources
- Leading power income fund and CRCE structuring and execution capabilities
- Leading debt and equity issuance capabilities, with particular expertise in bringing first time issuers to market
- Leading alternative energy equity issuance and advisory capabilities
- Extensive Canadian government advisory expertise through completion of numerous government advisory assignments relating to restructuring and privatization of Crown-owned utilities
We have demonstrated our expertise by acting as the:
- Financial advisor on marquee deals, including the $4.25 billion (CAD) agreement to refurbish, restart, operate and maintain the Bruce A nuclear facility (the largest nuclear facility in North America)
- Lead or co-lead IPO underwriter for the majority of power and midstream income funds in the market: Calpine Power Income Fund, Countryside Power Income Fund, Duke Energy Income Fund, Great Lakes Hydro Income Fund, Macquarie Power & Infrastructure Income Fund, Northland Power Income Fund, Primary Energy EIS, TransAlta Power LP and the UE Waterheater Income Fund
- Restructuring and financial regulatory advisor to nearly every province on electricity, natural gas and/or pipeline matters
- Financial advisor of choice for newly commercialized entities, and have advised on the creation of 4 of the 5 largest local electricity distribution companies in Ontario